Nigel Farage, Richard Tice and Robert Jenrick are among the Reform UK MPs saving into generous “gold plated” public sector pensions when their party wants to end similar schemes for future workers.
Most employees in the public sector – including MPs – get the chance to enroll in defined benefit pensions, which guarantee an income for life in retirement.
These schemes are exceptionally rare in the private sector nowadays, and Reform has been heavily critical of the cost to the taxpayer of their remaining use in the public sector.
Farage, the party’s leader, has called them “the single biggest ticking bomb in our government finances,” adding the gap between public and private sector schemes amounts to “pension apartheid.”
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